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| Please click here for NDA | Business Description | Profitable Sizzler Restaurant location with or without Sizzler | | SIC Code | | Organizational Form | S corp | | General Location | L.A County | | Selling Price | 219,000 | Down Payment | 219,000 | | Annual Revenues | 820,000 | Discretionary Earnings | 110,000 | Seasonal? Can Relocate? Home Based? Absentee Owner? Franchise?
| Days and Hours
of Operation | Sun-Thur 11am -9pm Fri-Sat 11am -9:30 | Year Established | 1986 | | Years Owned | 2 yrs | | Full-Time Employees | 5 | Part Time 20 | Managers 1, | | Other Payroll Information | | | Hours Owner Works | 0 | | Owner's Duties | | | Skills Required | | | Training & Cost | approx $ 5000/- | | Non Compete | 3 miles, 3 years |
Executive Summary,Operated and doing business as Sizzler restaurant. The new owner can keep this concept or bring their own concept or franchise to this restaurant. This Restaurant Is Positioned Inside Of A Heavily Trafficked Shopping Center And Is Easily Visible From The Busy Main Street. This Iconic Family Friendly restaurant Is Within Walking Distance Of A Dense Residential Neighborhood And Busy Commercial Area And So Receives An Enormous Amount Of Vehicle And Foot Traffic. This Profitable Restaurant Reflects The Pride Of Its Owner. The Owner Spent A Great Deal Of Time And Effort To Ensure This Restaurant Is Clean, Attractive, And Fully Up To The restaurant Requirements.The Restaurant Has Been Remodeled In 2008.The Facility Is In Outstanding Condition, And Leasehold Improvements Including Furniture, Fixtures, And Equipment, Valued At Approximately 200,000 Are Included In The Sale Price.The Business Is Currently Employee Operated and doing business as Sizzler restaurant To establish a new restaurant of this kind would cost well over 300,000. Motivated seller has prompted this business to be offered at LESS than its asset value..The new owner can keep this concept or bring their own concept or franchise to this restaurant.This business is priced to sell and will not be on the market long!
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Lease / Building Information | | Monthly Lease/Rent | 7,900 incl NNN | Deposit | | | Expires | 2024 | Building Type | In line | | Terms & Options | | | Square Footage / Dim. | 6000 | Seating | 186 | | Other | |
Assets (Y=Included / N=Not Included / A=Available) | | Accounts Receivable | |
| Licenses | Y | Beer/Wine | | Inventory | |
| Type of License | |
| | L/H Improvements | Y | 100,000 | Other Assets | |
| | Furniture / Equipment | Y | 100,000 | | | | | Real Estate | |
| Total Assets | Y | $200,000
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Information contained herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. |
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